Ripple and Securitize Launch 24/7 Off-Ramp for BlackRock Tokenized Fund

Core Insights - Ripple and Securitize have launched a smart contract allowing holders of BlackRock's BUIDL and VanEck's VBILL tokenized Treasury funds to redeem shares for Ripple USD (RLUSD), creating a regulated off-ramp for institutional investors [1][2] - The USD Institutional Digital Liquidity Fund (BUIDL) launched by BlackRock in March 2024 has exceeded $1 billion in assets within its first year, while VanEck's Treasury Fund (VBILL) is set to follow suit [2] - RLUSD is backed one-to-one by cash and Treasurys, with reserves held by BNY Mellon, and has achieved a market capitalization of over $700 million since its launch in late 2024 [5] Group 1 - The integration of RLUSD on Securitize's platform is framed as its first use, managing over $4 billion in tokenized assets under SEC oversight [4] - Jack McDonald from Ripple stated that the option to redeem shares for RLUSD is a natural progression in merging traditional finance with cryptocurrency [3] - Ripple's partnership with DBS and Franklin Templeton in Singapore aims to enhance asset management with RLUSD and expand access in Africa for remittances and payments [6] Group 2 - Ripple's redemptions for BUIDL are currently live, with VBILL expected to follow shortly [2] - The stablecoin RLUSD has been integrated into Ripple's cross-border payments network and is gaining traction in decentralized finance pools [5] - Ripple plans to launch RLUSD in Japan in 2026 in collaboration with SBI under Financial Services Agency regulations [6]